What is the meaning of straddle?

noun

• A noncommittal or equivocal position.
• A gymnastic exercise performed with a leg on either side of the parallel bars.
• The act of sitting or standing astride.
  • synonyms: span
• The option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date; consists of an equal number of put and call options.

verb

• Sit or stand astride of.
• Range or extend over; occupy a certain area.
  • usage: "The plants straddle the entire state"
  • synonyms: range
• Be noncommittal. .